On Holding
ONON
474 hedge funds and large institutions have $7.75B invested in On Holding in 2025 Q1 according to their latest regulatory filings, with 82 funds opening new positions, 174 increasing their positions, 153 reducing their positions, and 69 closing their positions.
51% more call options, than puts
Call options by funds: $599M | Put options by funds: $398M
19% more first-time investments, than exits
New positions opened: 82 | Existing positions closed: 69
14% more repeat investments, than reductions
Existing positions increased: 174 | Existing positions reduced: 153
1% more funds holding
Funds holding: 467 → 474 (+7)
1.44% more ownership
Funds ownership: 59.2% → 60.64% (+1.4%)
16% less capital invested
Capital invested by funds: $9.26B → $7.75B (-$1.51B)
58% less funds holding in top 10
Funds holding in top 10: 12 → 5 (-7)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jennison Associates
New York
|
+$147M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
+$127M |
| 3 |
JP Morgan Chase
New York
|
+$117M |
| 4 |
Millennium Management
New York
|
+$81.3M |
| 5 |
ICP
Ilex Capital Partners
London,
United Kingdom
|
+$72.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
-$169M |
| 2 |
BlackRock
New York
|
-$135M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$103M |
| 4 |
Select Equity Group
New York
|
-$81.7M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
-$79M |
ONON Hedge Fund Activity: Q1 2025 in Review
474 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in On Holding (ONON) for Q1 2025, worth a combined $7.75B — down 16% from $9.26B a quarter earlier.
Buyers outnumbered sellers: 82 funds opened new ONON positions and 69 closed out — a net gain of 13 holders — while 174 added to existing stakes and 153 trimmed.
The largest buyer was Jennison Associates, adding an estimated $147M. The largest seller was Durable Capital Partners, cutting an estimated $169M.
- 474 institutional investors held On Holding (ONON) as of Q1 2025, up from 467 in Q4 2024.
- Funds reported $7.75B of On Holding stock for Q1 2025, down 16% quarter-over-quarter.
- 82 funds opened new On Holding positions in Q1 2025 and 69 closed out, a net change of +13 holders.
- The largest On Holding buyer in Q1 2025 was Jennison Associates, an estimated $147M added.
- The largest On Holding seller in Q1 2025 was Durable Capital Partners, an estimated $169M sold.
Based on aggregated 13F filings for Q1 2025.